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Sunday, July 21, 2024

EvolveODM acquisition of GB3 to create IT services powerhouse for Lancashire

Managed network solutions leader EvolveODM buys GB3 with aims to create IT powerhouse and 40 new local jobs Leading managed network services provider EvolveODM, based in Wigan, has announced its acquisition of IT firm GB3, based in Preston, from EG Group in a move that will establish an IT services powerhouse in Lancashire.

The acquisition was backed by Barclays Corporate Bank and will support EvolveODM’s bid to grow its business amongst networks of restaurants, convenience stores, fuel forecourts and more over the next three years. EvolveODM’s customers include Robinsons Brewery and Hydes Brewery, and EG Group-supported brands and franchises like KFC, Starbucks, ESSO, BP and Leon.

Over the next three years, EvolveODM aims to grow its network management footprint from 7,500 locations to 15,000. The fast-growing company, which has increased its staff from nine to 45 since 2018,  estimates that its new combined offering could result in up to 40 new local jobs being created within the Group by 2025. GB3, which has 45 employees and a 10-year track record in IT support, will become a sister brand to EvolveODM.

Alan Stephenson-Brown, Director at Evolve Business Group, said: “We’ve been working closely with GB3 recently to fulfil mutual customer contracts, so we knew that acquiring GB3 would help us create a broader IT services business with a more expansive offering for our customers.

“This acquisition helps us on our mission to become an indispensable technology partner to retail, hospitality, and petroleum franchises. The two companies provide truly complementary services and together create a centre of excellence for IT in Lancashire’s growing digital sector.”

Barclays Corporate Bank provided acquisition finance for the deal. Shamir Patel, Relationship Director at Barclays Corporate Bank, said:

“Evolve is a thriving business looking to expand and grow. The new funding we’ve provided will enable it to broaden its offer to its client base and grow its market share.

“We’re also excited by the positive impact this will have on the Lancashire community. This deal can enhance the prospects of quality job creation in the innovative and thriving digital sector in the Lancashire region.”

The acquisition will lead to GB3’s customers benefiting from access to network management and EvolveODM’s 24/7 helpdesk. And EvolveODM’s customers will begin to enjoy access to IT strategy, due diligence, cybersecurity, IT security audit and cloud computing solutions.

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